PRGS

Progress SoftwareA

Nasdaq / Software & Services

At close

2026-07-17

Current thesis

The bull case is that June 30 earnings reset expectations higher: revenue, EPS, and cash flow outperformed, guidance moved up, and management described broad-based AI-related demand rather than a single-product spike [#SEC-8K-2026-06-30].

Posture

Constructive

Lead driver

Value

What changed

Value remains the lead driver in the composite, 7D delta -0.2.

What can break

AI positioning is helping the narrative, but evidence in the packet does not yet prove a sustained step-up in organic recurring growth or pricing power.

Momentum

Value

Sentiment

Setup hits (3d)

0 · Net Neutral

AI TargetsBase $44.00 · Bull $51.00 · Bear $32.00

Data freshness

Prices

As of 2026-07-17

Fundamentals

As of 2026-07-17 • Vendor: Data Vendor v1

Scores

As of 2026-07-17 • Model: HYBRID_IC_RP

AI Memo

As of 2026-07-11 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-07-17

Supporting evidence

What

Grade A · Constructive

Confidence Medium · Net Neutral

Target $51.80

Why

Momentum88 · Δ7d +13.6

Value68 · Δ7d -0.2

Sentiment51 · Δ7d -14.9

So what

Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.

Lead driver: Value · See fundamentals

Momentum

26% active weight

Current posture

7d trendImproving

Δ7d

+13.6

Δ21d

+45.9

Value

39% active weight

Current posture

7d trendFlat

Δ7d

-0.2

Δ21d

-0.6

Sentiment

34% active weight

Current posture

7d trendSoftening

Δ7d

-14.9

Δ21d

Why this grade

Composite grade A. Momentum 88.2 / Value 68.5 / Sentiment 50.6

Fundamentals (TTM)

As of 2026-07-17

Market Cap

$1.66B

Beta

0.59

Shares Out

41.01M

P/E (TTM)

37.0

P/S (TTM)

1.86

P/FCF (TTM)

9.81

Rev YoY

+4.1%

EPS YoY

+118.9%

Gross Margin

+70.7%

Op Margin

+14.5%

Net Debt

$1.34B

Current Ratio

0.47

As of 2026-07-17 • Updated nightlySource: Internal modelMethodology